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REGISTERED NUMBER: 06739078 (England and Wales)















Ivan Fisher Independent Funeral Homes
Limited

Unaudited Financial Statements

for the year ended

31 March 2023






Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9

Chartered Accountants' Report 10

Ivan Fisher Independent Funeral Homes
Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: I D Fisher
P A Fisher





SECRETARY: I D Fisher





REGISTERED OFFICE: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 06739078 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 15,980 25,311
Tangible assets 5 296,617 322,943
Investment property 6 210,000 193,500
522,597 541,754

CURRENT ASSETS
Stocks 18,000 17,902
Debtors 7 252,798 212,465
Cash at bank and in hand 47,005 99,534
317,803 329,901
CREDITORS
Amounts falling due within one year 8 (268,897 ) (223,034 )
NET CURRENT ASSETS 48,906 106,867
TOTAL ASSETS LESS CURRENT LIABILITIES 571,503 648,621

CREDITORS
Amounts falling due after more than one
year

9

(124,519

)

(218,137

)

PROVISIONS FOR LIABILITIES (33,435 ) (53,308 )
NET ASSETS 413,549 377,176

Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Undistributable profit and
loss account 64,638 48,138
Retained earnings 348,811 328,938
SHAREHOLDERS' FUNDS 413,549 377,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:




P A Fisher - Director



I D Fisher - Director


Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Ivan Fisher Independent Funeral Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Cherished plates is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 50,000 36,322 86,322
AMORTISATION
At 1 April 2022 37,333 23,678 61,011
Charge for year 3,167 6,164 9,331
At 31 March 2023 40,500 29,842 70,342
NET BOOK VALUE
At 31 March 2023 9,500 6,480 15,980
At 31 March 2022 12,667 12,644 25,311

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 105,055 24,149 51,168
Additions 45,579 - 2,148
At 31 March 2023 150,634 24,149 53,316
DEPRECIATION
At 1 April 2022 47,404 11,837 32,659
Charge for year 13,071 1,847 2,971
At 31 March 2023 60,475 13,684 35,630
NET BOOK VALUE
At 31 March 2023 90,159 10,465 17,686
At 31 March 2022 57,651 12,312 18,509

Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 354,411 34,157 568,940
Additions - 2,949 50,676
At 31 March 2023 354,411 37,106 619,616
DEPRECIATION
At 1 April 2022 129,961 24,136 245,997
Charge for year 56,112 3,001 77,002
At 31 March 2023 186,073 27,137 322,999
NET BOOK VALUE
At 31 March 2023 168,338 9,969 296,617
At 31 March 2022 224,450 10,021 322,943

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 188,545
DEPRECIATION
At 1 April 2022 69,197
Charge for year 29,837
At 31 March 2023 99,034
NET BOOK VALUE
At 31 March 2023 89,511
At 31 March 2022 119,348

Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 193,500
Revaluations 16,500
At 31 March 2023 210,000
NET BOOK VALUE
At 31 March 2023 210,000
At 31 March 2022 193,500

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 20,000
Valuation in 2022 28,138
Valuation in 2023 16,500
Cost 145,362
210,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 145,362 145,362

Investment property was valued on an open market basis on 31 March 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183,533 141,936
Amounts owed by associates 50,474 24,900
Other debtors 18,791 45,629
252,798 212,465

Ivan Fisher Independent Funeral Homes
Limited (Registered number: 06739078)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 20,933 29,692
Taxation and social security 61,771 29,732
Other creditors 176,193 153,610
268,897 223,034

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,065 31,670
Hire purchase contracts 19,121 40,634
Other creditors 83,333 145,833
124,519 218,137

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 40,054 70,326

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

During the year, the company loaned £25,000 to a company related to one of the directors, RML 2401 Ltd.

This loan has no fixed repayments and no interest will be charged.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ivan Fisher Independent Funeral Homes
Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ivan Fisher Independent Funeral Homes Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ivan Fisher Independent Funeral Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ivan Fisher Independent Funeral Homes Limited and state those matters that we have agreed to state to the Board of Directors of Ivan Fisher Independent Funeral Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ivan Fisher Independent Funeral Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ivan Fisher Independent Funeral Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ivan Fisher Independent Funeral Homes Limited. You consider that Ivan Fisher Independent Funeral Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ivan Fisher Independent Funeral Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


18 March 2024